It’s generally considered to be low risk, we hedge 100% of the forex and crypto positions so you’re never exposed to price fluctuations. However, if one of the service providers we use were to go under whilst you have a trade in progress there’s a possibility for complete loss of capital. We extensively vet our […]
How risky is arbitrage trading through Shiftly? Read More »
We’ve built a crypto arbitrage service to make it easy for South Africans to benefit from the arbitrage opportunity.
What does Shiftly do? Read More »
We’ve built a Telegram bot which you can use to see the current arbitrage and FX rates, estimate trade profit, and see our 30 day trading stats.
How can I see the current arbitrage? Read More »
Cryptocurrencies often trade at a premium on South African exchanges compared to overseas exchanges. This is due to South Africa’s exchange control regulations which restrict individuals’ ability to send funds abroad for purchasing cryptocurrency, limiting them to their annual SDA and/or FIA limits. Companies are prohibited from sending funds abroad for cryptocurrency purchases.
Why are cryptocurrencies more expensive in South Africa? Read More »
It is the simultaneous buying and selling of cryptocurrency in different markets in order to take advantage of differing prices for the same asset.
What is crypto arbitrage? Read More »
You can refer individuals who have never traded through Shiftly before, as well as existing Shiftly clients who are not using our Premium service yet. In the client portal, click the ‘Referrals’ tab on the left. You can give the person you are referring your Referral Code and ask them to input it when creating
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For every person you refer who goes on to trade using our Premium service, we’ll reduce your forex conversion fee by 0.05%. This means that if you refer only 4 friends, your fee will be reduced to 0%. Our referral program is available to both Standard and Premium clients once they have completed the full
How does the referral program work? Read More »
We automatically submit an AIT application for you after each trade. You may get a confirmation email from SARS and/or SMS once the TCS PIN is approved. We monitor pending applications for additional document requests and we’ll escalate your application should it exceed the SARS 21 business day turnaround time. In the event your application
How does it work for Premium clients? Read More »
This article is only applicable to clients using our Standard service as we submit AIT applications for our Premium clients. We’ve compiled an AIT application guide to assist you with the application process. After each trade, you’ll have to submit an AIT application equal to your trade size on the SARS eFiling website. The supporting
How do I submit an AIT application? Read More »
To send funds abroad under your R10m Foreign Investment Allowance (FIA), you have to be tax compliant and in possession of a valid Tax Clearance Status (TCS) PIN letter from SARS. To obtain a TCS PIN, you have to submit an Approval for International Transfer (AIT) application on the SARS eFiling website for the value
What is an AIT application? Read More »
Shiftly FX (Pty) Ltd, trading as "Shiftly", is an authorised Financial Services Provider (FSP 51806) and registered Accountable Institution with the Financial Intelligence Centre (FIC ID 55458).
